Regulatory Policy and Behavioural Economics

Regulatory Policy and Behavioural Economics PDF Author: Lunn Pete
Publisher: OECD Publishing
ISBN: 9264207856
Category :
Languages : en
Pages : 72

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Book Description
This study offers an international review of the initial applications of behavioural economics to policy, with a particular focus on regulatory policy.

Regulatory Policy and Behavioural Economics

Regulatory Policy and Behavioural Economics PDF Author: Lunn Pete
Publisher: OECD Publishing
ISBN: 9264207856
Category :
Languages : en
Pages : 72

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Book Description
This study offers an international review of the initial applications of behavioural economics to policy, with a particular focus on regulatory policy.

Behavioural Insights and Public Policy Lessons from Around the World

Behavioural Insights and Public Policy Lessons from Around the World PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264270485
Category :
Languages : en
Pages : 404

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Book Description
This report discusses the use and reach of behavioural insights, drawing on a comprehensive collection of over 100 applications across the world and policy sectors.

Behavioural Economics and Regulation

Behavioural Economics and Regulation PDF Author: Maria C. de Campos
Publisher: Taylor & Francis
ISBN: 1000649075
Category : Business & Economics
Languages : en
Pages : 159

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Book Description
In recent years, the idea of "nudges" – small changes in individual choice architecture that do not involve incentives or coercion – has entered policy discourse and practice to address various problems ranging from energy usage to retirement savings. However, how nudges can be incorporated into regulatory practice, and whether the experimental methodologies used to design nudges are still appropriate when they are being used as a regulatory instrument is still an unexplored issue. As this book shows, the translation of ideas into the world of regulation is not so simple and straightforward. By analysing the different experimental alternatives that regulators can use when designing nudges and through a close analysis of a real-world example – the case of the European Union tobacco warnings – this book proposes an alternative design process more in tune with the reality of regulation. The book explores the implications of iterative experimental methodologies and processes for regulators, concluding with a call for an alternative nudging’s design process tailored to the regulatory space. This book is crucial for researchers and policy-makers interested in the incorporation of nudging into regulation and anyone interested in the implications of behavioural economics – and evidence more generally – for regulatory design.

The Oxford Handbook of Behavioral Economics and the Law

The Oxford Handbook of Behavioral Economics and the Law PDF Author: Eyal Zamir
Publisher: Oxford Handbooks
ISBN: 0199945470
Category : Business & Economics
Languages : en
Pages : 841

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Book Description
'The Oxford Handbook of Behavioral Economics and Law' brings together leading scholars of law, psychology, and economics to provide an up-to-date and comprehensive analysis of this field of research, including its strengths and limitations as well as a forecast of its future development. Its twenty-nine chapters are organized into four parts.

The Behavioural Finance Revolution

The Behavioural Finance Revolution PDF Author: Riccardo Viale
Publisher: Edward Elgar Publishing
ISBN: 1788973062
Category :
Languages : en
Pages : 272

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Book Description
Financial markets are complex. Regulators strive to predict ways in which they can malfunction and create rules to prevent this from happening, yet behavioural impacts are often overlooked. This book explores how behavioural finance can go hand-in-hand with traditional methods to help banks and regulators create better policies. It also demonstrates how the behavioural finance revolution has opened the way to a more integrated approach to the analysis of economic phenomena.

Nudge Theory in Action

Nudge Theory in Action PDF Author: Sherzod Abdukadirov
Publisher: Springer
ISBN: 3319313193
Category : Business & Economics
Languages : en
Pages : 351

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Book Description
This collection challenges the popular but abstract concept of nudging, demonstrating the real-world application of behavioral economics in policy-making and technology. Groundbreaking and practical, it considers the existing political incentives and regulatory institutions that shape the environment in which behavioral policy-making occurs, as well as alternatives to government nudges already provided by the market. The contributions discuss the use of regulations and technology to help consumers overcome their behavioral biases and make better choices, considering the ethical questions of government and market nudges and the uncertainty inherent in designing effective nudges. Four case studies - on weight loss, energy efficiency, consumer finance, and health care - put the discussion of the efficiency of nudges into concrete, recognizable terms. A must-read for researchers studying the public policy applications of behavioral economics, this book will also appeal to practicing lawmakers and regulators.

Tools and Ethics for Applied Behavioural Insights: The BASIC Toolkit

Tools and Ethics for Applied Behavioural Insights: The BASIC Toolkit PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264347941
Category :
Languages : en
Pages : 130

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Book Description
Behavioural insights (BI) are lessons derived from the behavioural and social sciences, including decision making, psychology, cognitive science, neuroscience, organisational and group behaviour.

Behavioral Economics and Its Applications

Behavioral Economics and Its Applications PDF Author: Peter Diamond
Publisher: Princeton University Press
ISBN: 1400829143
Category : Business & Economics
Languages : en
Pages : 331

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Book Description
In the last decade, behavioral economics, borrowing from psychology and sociology to explain decisions inconsistent with traditional economics, has revolutionized the way economists view the world. But despite this general success, behavioral thinking has fundamentally transformed only one field of applied economics-finance. Peter Diamond and Hannu Vartiainen's Behavioral Economics and Its Applications argues that behavioral economics can have a similar impact in other fields of economics. In this volume, some of the world's leading thinkers in behavioral economics and general economic theory make the case for a much greater use of behavioral ideas in six fields where these ideas have already proved useful but have not yet been fully incorporated--public economics, development, law and economics, health, wage determination, and organizational economics. The result is an attempt to set the agenda of an important development in economics--an agenda that will interest policymakers, sociologists, and psychologists as well as economists. Contributors include Ian Ayres, B. Douglas Bernheim, Truman F. Bewley, Colin F. Camerer, Anne Case, Michael D. Cohen, Peter Diamond, Christoph Engel, Richard G. Frank, Jacob Glazer, Seppo Honkapohja, Christine Jolls, Botond Koszegi, Ulrike Malmendier, Sendhil Mullainathan, Antonio Rangel, Emmanuel Saez, Eldar Shafir, Sir Nicholas Stern, Jean Tirole, Hannu Vartiainen, and Timothy D. Wilson.

Delivering Better Policies Through Behavioural Insights New Approaches

Delivering Better Policies Through Behavioural Insights New Approaches PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264577416
Category :
Languages : en
Pages : 150

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Book Description
As behavioural insights (BI) become more widely used, countries are looking to expand the application of the methodology to new frontiers of policy making.

Economic Regulation and Its Reform

Economic Regulation and Its Reform PDF Author: Nancy L. Rose
Publisher: University of Chicago Press
ISBN: 022613816X
Category : Business & Economics
Languages : en
Pages : 704

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Book Description
The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries historically subject to economic price and entry controls have been largely deregulated, including natural gas, trucking, airlines, and commercial banking. However, recent concerns about market power in restructured electricity markets, airline industry instability amid chronic financial stress, and the challenges created by the repeal of the Glass-Steagall Act, which allowed commercial banks to participate in investment banking, have led to calls for renewed market intervention. Economic Regulation and Its Reform collects research by a group of distinguished scholars who explore these and other issues surrounding government economic intervention. Determining the consequences of such intervention requires a careful assessment of the costs and benefits of imperfect regulation. Moreover, government interventions may take a variety of forms, from relatively nonintrusive performance-based regulations to more aggressive antitrust and competition policies and barriers to entry. This volume introduces the key issues surrounding economic regulation, provides an assessment of the economic effects of regulatory reforms over the past three decades, and examines how these insights bear on some of today’s most significant concerns in regulatory policy.